Chapter Bulletin is a monthly publication of The Wisconsin Credit Union League (Communications Department) published September through May. League directors and chapter presidents receive Chapter Bulletin to assist with announcements at monthly chapter meetings. The last three items are intended as talking points for Young Professional Liaisons, but can be used by others if the YP Liaison is not present or if the chapter does not have a YP Liaison.
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For more information, contact:
Christine Henzig, Director of Communications
Charitable contributions bill passed unanimously by full Senate at state GAC
Approximately 200 credit union Activists visited lawmakers’ offices as part of the League’s annual state Government Affairs Conference in January to discuss the value they provide their communities and to ask for support of new legislation to double credit unions’ charitable giving capacity. While Activists made their rounds in the Capitol, the state Senate unanimously passed this legislation, Senate Bill 356, which allows credit unions to donate up to 1% (instead of the prior half percent) of their regular reserves. This measure, and its companion bill in the Assembly, AB 468, have both achieved strong bipartisan support and are co-sponsored by 33 lawmakers. The legislation would require board approval for the amount and causes that receive a credit union’s support. The bill now awaits a vote by the full state Assembly. Visit the Grassroots Action Center on the League’s website to send a note of appreciation to your state Senator.
New REAL Solutions Scorecard explains the value of CUs to lawmakers, media, others
Last month, Activists attending the state GAC shared with lawmakers the League’s REAL Solutions Scorecard for 2011. This report details how credit unions deliver more than $201 million in savings to their 2.2 million member-owners and serve their communities. This piece shows that credit unions are socially responsible and provide valuable services and support without a state or federal mandate to do so. Hardcopies are available for your staff or board meetings or as leave-behinds for local meetings. Please limit the quantity to what you will use immediately. Order by contacting Christine Henzig at (262) 408-6019.
Help members avoid costly tax refund loans by promoting website
Remind members that they don’t need to incur rapid refund fees to get their tax refund quickly. Instead they can get it fast and for free via direct deposit to their credit union account. Use the League’s sample newsletter article/press release or request a free web graphic to point them to www.freetaxrefund.org, a site maintained by The League that explains their options using a credit union account. Credit unions should also ask local radio stations to use the League’s public service announcement (PSA) anytime now through April 17. The web graphic is available from Chad Helminak at (800) 242-0833, Ext. 6012.
Money Mission™, Investor Education in Your Workplace™ and UW CU earn Wisconsin Financial Literacy Awards
One winner was Money Mission™, the online financial literacy game that teens can play on credit unions' websites to learn personal finance and compete for scholarships. Another winner was the Investor Education in Your Workplace™ program, formerly called RP3 when piloted by Wisconsin credit unions. This program has delivered 60,000 hours of online investment training to 5,476 learners from 80 Wisconsin credit unions and other businesses in the state. Additional states are also benefiting. UW Credit Union also received the award for providing 295 seminars that reached more than 8,000 people in 2010. More than 90% of them were underserved individuals or college students. Through October of 2011, another 6,000 received financial training. UW CU has more than 40 financial mentors who deliver financial training. Credit union-related projects that involve League participation and coordination have received this honor a total of six times in six years.
League Convention features syndicated radio host and personal finance guru Clark Howard
Save the date for the 2012 League Convention, May 9-12 in Milwaukee, where we'll be celebrating the International Year of Cooperatives with the theme, "Cooperative Spirit." Syndicated radio host and personal finance guru Clark Howard – a huge and vocal fan of credit unions – is a featured speaker. Visit The League's website to reserve your hotel room today.
Compliance webinar series offers "bundle pricing" and two free sessions for CUs $20M and under
The League's Keys to Compliance webinar series – a total of 10 sessions in 2012 – will teach you the most critical aspects of your compliance responsibilities. All sessions are taught by The League’s Legal Affairs staff, who have decades of the Wisconsin-specific knowledge you need to protect your credit union and its members. Choose any of 10 sessions at just $189 per session or register for any 6 and receive $30 off per connection. If you can’t make any desired live webinar, purchase access to archived presentations, made available on demand” for six months. Credit unions of $20 million in assets or below receive any two sessions absolutely free! For more information, contact Judy Phillips at (262) 408-6020
Enroll in The League's Keys to Operations 2011 Webinar Series in February and March
These are some of our most popular sessions. Topics include GFE & HUD-1; elder financial abuse; troubled debt restructuring; overdraft protection regulation, lawsuits and guidance; advanced collection techniques; risk mitigation strategy; head tellering; qualitative & environmental factors in ALLL; real estate loan workouts, foreclosures, short sales and deficiency judgments; regulatory compliance for the board and senior management; understanding borrowers’ tax returns (parts I and II) and tax refund posting and exceptions. All sessions are conducted by experts from around the country. Attend the live session or purchase an archived “On Demand” session available for six months. Register for 12 sessions and receive one free live webinar. For more information or to register, contact Judy Phillips at (800) 242-0833, Ext. 6020.
Roundtables offer great networking and practical insights on human resources and compliance
The HR Roundtable, set for February 22 in Appleton and Compliance Roundtable, set for March 14 in Pewaukee, are some of the League’s most well-attended sessions. They provide participants the most up-to-date information by leading experts as well as a forum to ask questions and learn how to apply their knowledge in everyday situations. Roundtables offer some of the best networking and information sharing of the year! To register, contact Judy Phillips at (262) 408-6020.
Collections Conference set for March 8 in Wisconsin Dells
This session will help you maximize your collections by understanding how best to position yourself before a loan goes into collection/litigation, what to leave in or out of forbearance agreements, and what to do following a judgment concerning garnishment, replevin, execution and foreclosure. You’ll also learn the best tips and pointers from top experts in collection law. To register, contact Judy Phillips at (262) 408-6020.
Directors: get the training you need, fast and online
For just $49, select 30-minute archived webinars covering the Bank Secrecy Act or Basic Financial Literacy to understand and manage your credit union’s balance sheet. For just $189, choose 90-minute archived webinars explaining What CEOs Need from their Boards, Creating a Lending Machine or Board Fiduciary Duties. To register, contact Judy Phillips at (262) 408-6020.
Save the Date: First-ever REAL Solutions Conference in Madison this March
On March 28-29, The League will host the first-ever REAL Solutions Conference in Madison. This conference will provide networking opportunities and share best practices on a wide range of services that can help your credit union reach new and underserved target groups and increase income. A conference highlight will be a Life Simulation facilitated by Lois Kitsch of the National Credit Union Foundation, which will open your eyes to creative ways to address the special needs of your members. Participants will choose the subject matter for four breakout sessions. There will also be an awards reception, panel of young professionals and session on innovations by the Filene Research Institute. To register, contact Judy Phillips at (262) 408-6020.
Attend these March seminars
The League's March educational sessions will focus on plastic card fraud, troubled debt restructuring, overdraft protection, member retention, income reported on borrowers’ tax returns, advanced collections, lending opportunities, spending to minimize risk, head tellering, allowance for loan and lease loss, and real estate loan workouts, foreclosures, short sales and deficiency judgments. Visit www.theleague.coop/calendar.
Financial education opportunities are coming up
Encourage teachers to participate with their classrooms in the National Financial Capability Challenge, March 12-April 13. Offered by the U.S. Treasury and the President’s Advisory Council on Financial Literacy, the challenge encourages schools teach personal finance. Teacher registration is now open. National Credit Union Youth Week, April 22-28, includes a youth Savings Challenge. Money Smart Week Wisconsin, held that same week, moving for the first time to April (previously held in October). This is a chance for your CU to join hundreds of other organizations in teaching financial concepts across the state all in one week. And finally, registration is open for the National Institute of Financial & Economic Literacy in Madison. Credit unions sponsor the attendance of local high school teachers at this summer workshop to help them improve their financial lessons for students. If you have a school branch it’s another way to deepen your relationship and if not, to create a relationship, with educators.
Apply for The Foundation's DE Scholarship today!
While the National Credit Union Foundation (NCUF) Development Education (DE) training in April is already full, there's still a chance to attend if you apply for The Wisconsin Credit Union Foundation’s DE Program scholarship. The scholarship, created as part of The Foundation’s Professional Development Scholarship Program, may award the recipient’s credit union a reimbursement of up to $2,000 after the recipient completes the program. Attendees who earn certification as Credit Union Development Educators (CUDEs) learn to apply credit union philosophy in situations demanding unique approaches to problem solving. Whether you’re new to the movement or a seasoned pro, the DE program has something for everyone. For young professionals it can be the eye-opener that leads to a decision to commit to a career with credit unions. Eligible applicants are an employee, member and/or volunteer of a Wisconsin Credit Union League affiliated credit union with $50 million or below in assets. Applicants must also be actively involved in credit union activities, such as chapter meetings, committee work, credit union Activism, etc. Applications are due by March 1. For more information, contact Mary Bliss at (262) 408-6002.
Young Professionals made an impact during GAC
Thanks to The League's State GAC Young Professionals registration and hotel deal, 29 young professionals attended and helped make an impact on lawmakers during the conference. Close to 30 participants that included YPs also participated in a pre-conference workshop that prepared them for the legislative visits and gave them tools to understand and continue CU advocacy. Attendees also learned directly from legislators and some of the movement's most effective advocates.
Sign up for the YP Network to learn about upcoming Young Professional networking & educational events!
The League's Young Professionals Council is planning a number of networking and educational meetups during the upcoming months that will provide young professionals a venue to share ideas and learn from each other. A Crash event is also being planned for The League's Annual Convention, May 9-12 in Milwaukee. Register free for the YP Network at www.theleague.coop/ypnetwork to ensure you get the latest updates.
Young Professionals’ raffle raised more than $2,300 for YP scholarship
Thank you to everyone who purchased raffle tickets in January as part of a YP scholarship fundraiser through the Wisconsin Credit Union Foundation. 479 tickets – at $5 each – were sold, raising $2,395 to help develop development and education opportunities for young credit union professionals in Wisconsin. Eric Chrisinger from Co-op CU in Black River Falls won the grand prize, which was a pair of airline tickets. And four others won $50 Amazon gift cards: Blake Sjoberg (Community CU), Sheila Polak (Park City CU), Jason Drogue (Summit CU) and Al Zierler (Capital CU). The Foundation and Young Professionals Network appreciates your support!